The Liechtenstein Disclosure Facility is an agreement between the governments of Liechtenstein and the United Kingdom which enables UK citizens to declare previously undisclosed assets to Her Majesty’s Revenue and Customs. The Liechtenstein Disclosure Facility ( LDF ) gives eligible UK taxpayers the chance to declare their worldwide income and bring their UK tax affairs up to date quickly and without having to undergo an in depth investigation.
It is a good way to get rid of taxation issues when it comes to Liechtenstein bank accounts: The Liechtenstein Disclosure Facility (LDF) offers a means for UK residents with unpaid tax to make disclosures to HM Revenue and Customs (HMRC) of tax irregularities where monies are (or have been) held in bank accounts anywhere in the world, or where overseas property has been bought using undeclared funds, or where a taxpayer used an offshore company to evade tax.
Copyright: TAXEDO LLP, Resources: UK TAX GOV.
